I Hired a Contract Coder

You’re a trader with serious ambitions to use algorithmic methods. You already have an idea to be converted to an algorithm. The problem: You do not know to read or write code. So you hire a contract coder. A guy who’s paid for delivering a script that you can drop in your MT4, Ninja, TradeStation, or Zorro platform. Congratulations, now you’re an algorithmic trader. Just start the script and wait for the money to roll in. – Does this really work? Answer: it depends. Continue reading “I Hired a Contract Coder”

Money and How to Get It

Contrary to popular belief, money is no material good. It is created out of nothing by banks lending it. Therefore, for each newly created lot of money there’s the same amount of debt. You’re destroying the money by repaying your credits. Since this requires a higher sum due to interest and compound interest, and since money is also permanently withdrawn from circulation by hoarding, the entire money supply must constantly grow. It must never shrink. If it still does, as in the 1930 economic crisis, loan defaults, bank crashes and bankruptcies are the result. The monetary system is therefore a classic Ponzi scheme. Continue reading “Money and How to Get It”